The Market Brief

Hey team. U.S. stock index futures cautiously higher on Wednesday, as investors weighed President Donald Trump’s latest tariff measures and closely monitored ongoing trade talks with international partners

Let’s see what’s ahead for this market!

Impact Snapshot

• 🟥 FOMC Meeting Minutes - 2:00pm

Macro Viewpoint

Following Monday’s steep market drop—driven by the White House’s broad tariff threats aimed at key trading partners like Japan and South Korea—Wall Street’s response has been fairly restrained.

President Trump issued an executive order pushing the July 9 tariff deadline to August 1, while also warning of increased tariff rates on 14 countries, including some U.S. allies, unless new agreements are struck by then.

Later on Wednesday, investors will be closely reviewing the minutes from the Federal Reserve’s June meeting for any clues about whether policymakers are leaning toward cutting interest rates.

While a July rate reduction is almost fully ruled out, the odds of a September cut stand at about 63%, according to CME Group's FedWatch tool.

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